Company number: 02215151
and approved by Tim Constantine
Average time taken to pay invoices: 31 days
Invoices paid:
Invoices due but not paid within agreed terms: 49%
0 days
30 days
Standard payment terms are 30 days but a variety of terms have been agreed on a case by case basis where appropriate.
Answer not provided
N/A
30 days
No further comment provided
We run payment batches once a week, and therefore whilst the statistic above suggests that we pay 49% of our suppliers late, the majority will only have just become due in the previous few days. Similarly, a few suppliers are paid early if their invoices are due on a weekend.
We have a dedicated accounts payable team who will in the first instance investigate any supplier discrepancy. The team will review exception reports where suppliers have not been paid on agreed terms and will investigate with relevant business managers.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
No
No